No One Knows Anything About Sears

Forget trying to read any logical explanation into the stock movement of Sears Holdings, the owner of Kmart and Sears stores. Just forget it right now, and step away from the E*Trade account.

Shares are up more than 11% today for no apparent reason. Yes, there has been some chatter about a hedge fund or two falling in love with Sears, or the company going private. Heck, who doesn’t want to throw some hard-earned money at stores selling stuff people don’t want on the fringes of ugly malls?

The fact is, no one really knows anything about Sears, and it’s becoming very dangerous to read anything into the stock price gyrations.

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